Good morning everyone! Happy to start the day with a new all time high for Bitcoin 🎉.
☀️ Before we dive in — don’t miss the Summer Sale now live! ☀️
Normal price: €138/year → Summer Special: €96.60 (30% off)
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin hits a new all-time high above $125,000.
→ Bitcoin surpasses Google to become the 5th largest asset in the world by market cap.
→ El Salvador’s Bitcoin holdings show over $470 million in unrealized profit.
→ Ark Invest’s CEO Cathie Wood says their bull case for Bitcoin is well over $1,000,000 in 5 years.
→ President Trump says interest rates should be at 1%.
→ Treasury Secretary Bessent says rates should be 150-175 bps lower now and is pushing for a ban on single-stock trading in Congress.
→ The S&P 500 closes at another all-time high, its 17th of the year.
→ The S&P 500 is now trading at over 3.2x sales, its highest valuation in history.
→ The S&P 500's price to peak earnings ratio moves up to 26.7, highest since 2000.
→ International stocks are on pace for their best year since 2009, with the Eurozone up 30% YTD and Greece up 74%.
→ Thailand cuts rates for the 4th time in the last year, down to 1.50%.
→ The ratio of US real estate stocks to the S&P 500 is at its lowest level since 2000.
→ Over the last 30 years, the purchasing power of the US dollar has been cut in half due to inflation, while the S&P 500 has gained 874% after adjusting for inflation.
→ Former Goldman Sachs & JPMorgan executive indicted for gambling away $4 million in investor funds for his online casino company.
→ Google drops plan to ban non-custodial crypto wallets from Play Store following backlash.
→ Tencent revenue up 15% Y/Y to $25.7B, with gaming up 22% and capex up 119% to $2.7B.
📊 Altcoin Market Updates 📊
→ Ethereum reaches $4,700.
→ Over $116,000,000,000 added to the crypto market cap in the past 24 hours.
→ Standard Chartered Bank raises its 2025 year-end Ethereum price target to $7,500.
→ Fundstrat’s Tom Lee says Standard Chartered’s $7,500 Ethereum forecast for end of 2025 might be low.
→ BlackRock buys 76,497.89 Ethereum worth $318 million.
→ BNB overtakes Shopify in market capitalization.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
☀️ Summer Special Pricing
* Paid Subscriber: €138 → Now 30% Off (€96.60)
* Elite Membership: €295 → Price increases after 20 August
⏳ Offer Ends in 7 days – After this summer special, Paid Subscriber returns to full price and Elite Membership increases in price.
Thanks for reading.
Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
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